FinTech Futures: Top five stories of the week – 17 June 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Treasury & Capital Markets/TCM
NatWest, Citi, Barclays trial Finteum intraday FX swap and repo platform
Given the rising interest rate environment, liquidity optimisation is a high priority, Finteum says.
Nexi sells capital markets tech business to Euronext for €57m
Nexi is selling its tech businesses that are powering MTS and Euronext Securities Milan to Euronext.
Societe Generale embarks on derivatives tech transformation with FIS
Societe Generale will transition its existing derivatives IT environment to FIS Cleared Derivatives Suite.
Commodity hedging platform Stable secures $60m Series B
Stable bills itself as a way for agribusinesses to “protect themselves from volatile commodity prices”.
ICYMI fintech funding round-up: Tranch, Quantifeed, Chekk & Crowd Data Systems
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Capital markets fintech Clear Street lands $165m in Series B funding
The new funding takes the company’s valuation up to $1.7 billion.
LSEG to acquire market data solutions provider MayStreet
The acquisition is expected to close in H1 2022.
KPMG UK hires Crypto UK exec to bolster digital asset services
KPMG UK says the hires will allow it to offer clients “additional high calibre expertise”.
First Bank partners Finzly to offer payments services to business customers
First Bank says Finzly’s Payment Hub “gives us the speed and agility to offer a fintech-like payment experience”.
The potential of DLT for capital market firms keen to overcome post-trade challenges
DLT has the potential to bring post-trade processing into the 21st century.
US digital challenger Battle Bank taps Temenos for cloud banking solution
Temenos’ platform will support Battle Bank’s foreign currency, market index and precious metals products.
FinTech Futures: Top five stories of the week – 1 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Deutsche Börse acquires Luxembourg-based fund data specialist Kneip
Kneip provides fund data management and regulatory reporting solutions for the asset management industry.
Capital markets fintech Capitolis raises $110m Series D funding
Former UK chancellor George Osborne has joined the company’s board.
Banking Tech Awards 2022 now open for nominations
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Standard Chartered’s SC Ventures launches supply chain finance platform
SC Ventures says TASConnect will unlock “significant value” for organisations.
Barclays and Oracle FS team up for virtual account management project
The large-scale VAM project aims to deliver “more capability to corporates”.
German software firm SAP to acquire capital management fintech Taulia
Taulia will continue to operate as a standalone company under its own brand.
Finastra offloads Fusion Summit treasury business in China, Macau and Hong Kong
The buyer is CloudWing Network Technologies, a subsidiary of Hundsun Technologies.
Airwallex adds $100m funding with Series E extension
The new capital injection adds to the firm’s $200m Series E funding.
Kuwait’s Boubyan Bank picks iGTB to revamp cash management
The bank is in the midst of a five-year transformation plan across its channels.
New social investing app AleFi launches in US
AleFi aims to help new retail traders understand the market and follow trends.
Citi picks Capital One’s Naveed Anwar for digital head of TTS
The Capital One man is an industry veteran of 20 years across PayPal, eBay and AOL.
Worker’s Credit Union picks Fusion Phoenix for new core system
The Massachusetts-based firm is also taking a handful of ancillary Finastra systems.
Nord/LB picks Planixs’ Realiti to revamp treasury and liquidity management
German commercial bank says it analysed the “full solution market” before making its choice.
Sibos 2021: Major payments bodies join forces for new cross-border project
The Immediate Cross-Border Payments project also involves 11 financial institutions.
Deutsche Börse plans digitisation for German capital markets
German exchanges operator aims for 80% of all securities to be digital by end of 2022.
Irwin secures $20m in Series A funding round led by K1
The investment will help further the fintech’s mission to upgrade the capital markets software offering.
UBS fined by Hong Kong’s SFC for compliance breaches
SFC slaps $1.5 million fine on Swiss bank for multiple issues.
Extended deadline announced for Banking Tech Awards 2021
The new nomination deadline for the Banking Tech Awards 2021 is 20 August.
Broadridge acquires Alpha Omega in Itiviti combination plan
Broadridge will combine Alpha Omega and Itiviti’s post-trade solutions.
Exclusive: Central Bank of Egypt selects collection of Oracle FS platforms
Central bank picks a range of systems from digital banking to treasury and credit facilities.
UBS pays $8m to settle SEC compliance charges
US regulator found failings in the bank’s handling of exchange-traded products.
Bank of Mongolia goes live with Compass Plus payments tech
Mongolian central bank needed to cope with increasing transaction volumes.
Commercial Bank of Kuwait picks TCS treasury solution
The Middle Eastern bank is looking to transform its treasury operations.
KeyBank goes live on SmartStream’s cloud-based collateral management tech
The Cleveland bank aims to reduce infrastructure costs by moving to the cloud.
Arkéa Banking Services picks Finastra for Fusion Risk outsourcing
The bank will offer the services of Fusion Risk modules to its compatriots.
FinovateFall Supplement: be part of one of the biggest fintech events of the year
The perfect platform for your organisation to deliver a strong message to engaged fintech professionals.
Investment fintech Pipe rakes in $250m from oversubscribed venture round
Pipe says the round was oversubscribed by $100 million.
